Latest Headlines

Headline inflation in the United States could be headed as high as 6% before the end of the year, CIBC chief economist Jeff Rubin warns in a foreca...

NEW Preview: Second Quarter GDP Expected to Post 2.3% Growth

Wed, Jul 30 2008, 7:00 AM

The consensus forecast expects U.S. GDP growth to come in quite a bit better than the two previous quarters, as exports have surged on the weak do...

NEW SEC Extends Rule Limiting Short Selling Until August 12

Wed, Jul 30 2008, 7:00 AM

On Tuesday evening, the Securities and Exchange Commission extended its emergency rule limiting short selling of Fannie Mae, Freddie Mac and 17 br...

NEW Hope Now Alliance Saves 1.9 Million Homes From Foreclosure

Wed, Jul 30 2008, 7:00 AM

Mortgage service providers have staved off the foreclosure of 1.9 million homes in the past year in what has been the largest bailout the housing ...

NEW The Home Equity ATM Machine Slows in First Half of 2008

Wed, Jul 30 2008, 7:00 AM

Whatever else is going on in the housing market, it appears that Americans are no longer using their homes as gigantic credit cards to finance new...

NEW Economist Calls U.S. ADP Employment Report "Grossly Over-Optimistic"

Wed, Jul 30 2008, 7:00 AM

Following the release of the ADP private employment report on Wednesday, which posted a gain of 9k jobs in July, economists dismissed the figures ...

NEW Fed to Conduct Liquidity Operations Through January 2009, Introduces 84-Day TAF

Wed, Jul 30 2008, 7:00 AM

In addition to the $75 billion 28-day Term Auction Facility (TAF), the Fed will also be conducting a $25 billion 84-day TAF to address the ongoing ...

NEW Wednesday's Events: ADP Employment, Cdn Five-Year Bond Auction, DOE Oil

Wed, Jul 30 2008, 7:00 AM

The ADP employment report will be the most closely looked at economic event of the day ahead of Friday's U.S. nonfarm payrolls. In Canada, markets w...

NEW MBA Mortgage Applications Move Down in Week Ending July 25

Wed, Jul 30 2008, 7:00 AM

Weekly mortgage applications declined in the week ending July 25, according to data released from the Mortgage Bankers' Association (MBA) on Wednes...

NEW New 2008 Highs for Mortgage Rates

Wed, Jul 30 2008, 7:00 AM

Fixed-rate mortgages (FRMs) hit the highest levels of 2008 during the week ended July 24 according to Freddie Mac's Primary Mortgage Market Survey...

NEW Wednesday 7/30 ... In A Yellow Wood

Wed, Jul 30 2008, 3:33 PM

NEW Wednesday 7/30 ... Still Looking Good

Wed, Jul 30 2008, 1:12 PM

NEW Tuesday 7/29 ... Finding some support

Tue, Jul 29 2008, 11:20 AM

NEW Case Shiller Index Graph

Tue, Jul 29 2008, 9:36 AM

NEW Tuesday 7/29 .. Good Monday Followed By A Bad Tuesday

Tue, Jul 29 2008, 8:57 AM

NEW slight cause for concern

Tue, Jul 29 2008, 8:10 AM

NEW Tuesday 7/29 .. Breaking News

Tue, Jul 29 2008, 8:02 AM

NEW Tuesday 7/29 ... At A Glance

Tue, Jul 29 2008, 7:08 AM

NEW Are Rumors Rather than Reality Feeding Market Behavior?

Tue, Jul 29 2008, 7:00 AM

Is it possible that some of the collapses and near misses in the financial markets over the last six months will ultimately be tied to a few sick an...

NEW Case-Shiller U.S. Home Price Index Declines by Record Annual Levels in May

Tue, Jul 29 2008, 7:00 AM

The S&P Case-Shiller U.S. home price index continued to deteriorate in May as the 20-city composite index posted a record annual decline of 15.8%....

NEW U.S. Consumer Confidence Improves to 51.9 in July

Tue, Jul 29 2008, 7:00 AM

The Conference Board's consumer confidence index for July improved to 51.9 in Tuesday's report, against expectations of a slight decline to 50.0. ...

NEW Tuesday's Events: U.S. Consumer Confidence, S&P/CS House Prices

Tue, Jul 29 2008, 7:00 AM

Consumer confidence for July and the S&P/Case- Shiller's home price index for May will be the main focus of Tuesday's economic events with no majo...

NEW Tuesday 7/29 ... Some Scenery At The Close

Tue, Jul 29 2008, 4:02 PM

NEW tuesday 7/29 Climbing Out Of The Canyon

Tue, Jul 29 2008, 1:00 PM

NEW Monday 7/28 ... Update (no bad news...)

Mon, Jul 28 2008, 10:50 AM

NEW Monday 7/28 Having Fun "In The Pool."

Mon, Jul 28 2008, 9:24 AM

NEW Monday 7/28 ... At A Glance

Mon, Jul 28 2008, 7:02 AM

NEW U.S. Treasury Will Borrow Record Amount for Second Fiscal Quarter

Mon, Jul 28 2008, 7:00 AM

The U.S. government plans to issue more debt in the current quarter than any time in history , the Department of Treasury said on Monday.

NEW White House Revises 2008, 2009 Budget Deficit

Mon, Jul 28 2008, 7:00 AM

The White House revised its 2008 budget deficit forecast to $389 billion from $410 billion earlier in February and its 2009 forecast to $482 billi...

NEW Paulson Encourages Covered Bond Market to Increase Mortgage Financing

Mon, Jul 28 2008, 7:00 AM

Treasury Secretary Henry Paulson said Monday that covered bonds are an answer to financial market's request for clarity. He said covered bonds, a ...

NEW Fed's Stern Says Credit Crunch to Last Longer, Could Get Worse

Mon, Jul 28 2008, 7:00 AM

In an interview with the Financial Times over the weekend, Minneapolis Fed President Gary Stern (voter) said the credit crunch in the U.S. would...

NEW U.S. Housing Bill Goes to President's Desk

Mon, Jul 28 2008, 7:00 AM

In a rare weekend meeting, the U.S. Senate passed the housing bill by 72-13 votes. The legislation now awaits the signature of U.S. President Geor...

NEW U.S. Dollar Under Downward Pressure to Start Week

Mon, Jul 28 2008, 7:00 AM

The U.S. dollar was mixed on a quiet day on Monday, making gains solely against the underperforming Canadian dollar and British pound. "The...

NEW IMF Global Financial Stability Update Says Markets Remain Fragile

Mon, Jul 28 2008, 7:00 AM

Credit risk remains elevated and appetite for risk remains subdued, though the systemic risk to financial markets is not as elevated as it was in th...

NEW Monday 7/28 ... Bad Friday, Followed By A Good Monday

Mon, Jul 28 2008, 2:45 PM

NEW Monday 7/28 ... Graph

Mon, Jul 28 2008, 1:20 PM

NEW Friday 7/25 ... Oy Vey

Fri, Jul 25 2008, 12:51 PM

NEW Friday 7/25 ... Oy

Fri, Jul 25 2008, 11:06 AM

NEW Friday 7/25/08 ... Not Down For the Count

Fri, Jul 25 2008, 10:27 AM

NEW Friday 7/25 ... Down a bit more and no support...

Fri, Jul 25 2008, 9:50 AM